Nokia's UK offices will be among the hardest hit in a global round of 1,700 redundancies, announced today.
The Finnish mobile phone giant's home operations will see the deepest cuts, with 700 staff targeted.
UK operations will be next in line, but a spokeswoman couldn't immediately say how many staff at offices in Bristol, …

Pandering to shareholders

UK not business friendly

It's not in the Euro zone, so prices fluctuate with respect to the main market, Europe.

It's doing quantitative easing, which means a) money you earn will be worth less when you come to repatriate your profits, b) Nobody will want to buy your bonds quoted in sterling because they'll be paid back in diluted sterling. i.e. leadership has fiscal diarrhoea.

It's not part of Schengen zone, and does not respect free movement within the EU. It has even refused entry to a Dutch MP. Your staff may not be able to get into the country.

It fingerprints 6 year olds, and locks up people for looking at manhole covers, or shouting 'rubbish' at Labour meetings.

You cannot protect your UK staff from arbitrary sanction, MPs offices are raided for releasing documents of public interest. Photographing street now punishable.

Until they can vote these idiots out and this situation can be turned around, Nokia are right to leave the UK.

@AC Pandering to shareholders

This is what really upsets me about the currrent situation. People are losing their jobs not because a company is trading at a loss, but they can maximise profits by jettsoning staff. Many of these people are going to find it very hard to find alternative employment in the current situation. Companies should have some duty of care towards their employees as well as shareholders.

It will be interesting to see which companies fail once we start to come out of recession because they have no R&D people and no next-generation products in the pipeline because the beancounters have only planned for the next two quarters.